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's winter of discontent, when britain had double-digit inflation, a top income tax rate of 83% and rising unemployment. and she revolutionized the economy with free-market ideas in her ten years of service that ushered in a new decade of prosperity. when she took office, the top income tax rate was 83%. it was cut to 60% and then to 40%. the middle tax rate was cut to 30%. and the lowest tax rate was eliminated altogether. when she took office, the top corporate tax rate was 53%. she cut it to 35%. the top capital gains tax rate was a stifling 75%. thatcher cut it to 30%. and as a result, a progrowth policies, unemployment fell from a high of 12% early in her tenure to 7.5% near the end. public spending as a percentage of g.d.p. fell from 45.1% of g.d.p. to 39.4% of g.d.p. and inflation fell from almost 22% in 1979 to a low rate of 2.4% in 1986. but perhaps the most telling tribute to margaret thatcher's leadership is that three days after she gave her britain await speech, that heroic speech she was dubbed "the iron lady" in the communist news outlet "the red star." when your military en
paying taxes up front that will fund retirees' and will eventually qualify for benefits. they are the issue. that is a question about social security reform. i think we do need is a security reform. >> i thank you for your work. i appreciate both of you being here today. senator.you very much senator schumer? >> thank you, senator feinstein. i thank you both of you for your great work on agriculture. i also want to see -- i also want to thank chairman leahy for having this hearing. it has been amazing and those of us in our little group cannot support him enough -- cannot thank him enough for supporting our bill. 90% ofi get started, what is in his bill is in our bill. overall it is very positive. >> thank you. i would like to really look that over. >> i will. the bill i to would like to ask that all of us do not jump to conclusions regarding the events in boston. we will try to complete those events with this legislation. we are a safer country when law- enforcement knows who is here, has their fingerprints, photos, conduct background checks, and no wonder these to look
in the shadows -- republicans said they have to earn their way on that path. pay their taxes. have a job. learn english. it will not be easy. they have to earn their way. those are the basic principles that started this conversation. i think there were about money for meetings that took place as it came together to talk about all of the issues that are part of this 800 less page bill. it is not perfect, but it is a good faith, common sense approach to fixing a badly broken immigration system. there are several reasons why we are here and why i'm here. first, the american people want us to do something. the notion that we would and this process with the same broken immigration system is unacceptable. we believe that we have come up with a good approach, one that would make the country safer and more. second, i want to talk about an issue that touches my heart. that is the dream act. this is an issue which means the world to me and to many young people across this country. i want to thank my colleagues. the evening that we set aside for the dream act was a short meeting. everyone said it was time
put your finger on what we are trying to stay thougertain tax -- certairorize us some kid gets sin street and that terrorizes me because i live here. but that definition in webster has a connection to all legal definitions in that it is a political act. and generally, a political act against noncombatants. one military unit shoots another military unit. that is regular warfare. but when you intentionally attacked civilians for a political purpose, i think everybody agrees that was terrorism we have several elements here in boston. what we do not yet know is whether there was a political purpose. we are assuming there was, but we do not know they're wet -- that for a fact yet. host: someone on twitter reminds us that it was a pressure cooker believed to contain the bomb. likean see what this looks in the new york daily news. what is significant about this to you as we talk about such an easily homemade, crude instrument. guest: ball bearings, nails, pressure kircher ramallah -- pressure cooker, items you can go by this afternoon. look at what timothy mcveigh used, diesel fuel and fe
workers pay payroll taxes into a trust fund. all employers pay the same payroll tax into that trust fund and out of that trust fund comes all of the spending or part a services primarily hospital insurance spending. the age i trust funds has exceeded revenue since 2007 and what that means it is the balance of the trust fund and the assets of the trust fund have been declining and they will be totally completed sometime in the middle of the next decade. since the trust fund can't borrow if the laws are changed medicare will be unable to pay full payments for charges in the age i trust fund. it will only be able to reimburse providers 85% of what they are charging. so clearly legislative action has to be made before that he either to raise taxes or slow the growth in spending or preferably a little bit of both. i my reckoning i have completed my assignment and rather than take a gold star as i said i want to have a couple of general observations. the first when we have discussiodiscussio ends like this we should make clear what our goal this. if our goal is to moderate the growth of medica
ag for a specific number prior to getting a blue card. you would be vetted and have to pay taxes, a fine, et. cetera. no major criminal activity. you get your blue card. then so you to work another five years dependent upon the number of dais a year. then you get a green card. the h2a program which exists only 74,000 workers this past year will cease to exist within a two-year period. it would be replaced by two visa programs. chuck spelled them out. a contract program, which replaces h2a. and an at-will portable visa program. they are both three years. there's a cap on both of 112,000 a year for the first five years. the total 300,000 plus and the secretary of agricultural in the future sets the cap. the wage rate, which is the adverse wage rate is phased out and replaced by this new methodology within soon -- i think it's a year after the effective date of passage of this bill. it's not been easy to put together. i appreciate senator grassley's comments. but i want him and others to know that we tried to figure what you were aiming at and compensate in terms of making the kinds
of the payroll tax cut, $80 per month as significant for most families. ghost was groceries, rent, gasoline. grant of lawful status further increases the influx of illegal immigrants. further forcing out low skilled the wage the pressing and employment levels of those americans. leadsition to that, that to more americans depending on the government. that the for the federal government, due deliberation be given to the effect of that grant on the wage and employment levels of low skilled americans because the evidence before the commission is that grant of said status is not without substantial cost to the american worker. thank you. >> as of all witnesses, a full statement will remain part of the record. the president of the american action forum. good to have the year. please go ahead. >> thank you chairman. it is a privilege to be here today i submitted a written statement for the record. let me briefly make three points. the immigration reform bill before you as many aspects. there are important security considerations, economic impact, legal issues but at its core, immigration reform re
the section on taxes -- texas, and what is contained there very much is what i have heard from farmers and ranchers throughout the state. agriculture is critical to my state, as it is to her state, and i suspect the state of every member in this committee. i think all of us would like to see a bill that fixes the broken immigration system. and i would suggest -- and my view, the strategy that will be effective to pass a bill is to focus where there is a wide bipartisan agreement. that is how we will actually get a bill passed. and in my judgment, there are two broad areas where there it is bipartisan agreement right now. number one, i think there is bipartisan agreement that we've got to get serious about securing the border. that we need to increase manpower, that we need to increase technology, that we need to fix the problem. in a post 9/11 world i think it does not make sense we do not know the criminal history in the background of those coming in, and i think there is wide agreement that we should fix that, including the problem of visa overstays. i think there is likewise wide bi
. it translates to hundreds of thousands who can't pay taxes, and support their families on their own time. the evidence also indicated that in addition to employment levels, illegal immigration drove down wage levels. studies by the federal reserve bank of atlanta, for example, showed that illegal immigration was attributable to the nearly $960 per year decrease in wage levels of documented georgians. in leisure and hospitality industries, it was $1520. for doctors and lawyers, and may not be a lot. , $80esident obama observed per month is significant for most families. it goes towards groceries, rent, gasoline. recent history shows that grant of lawful status further increases the influx of illegal immigrants, forcing out unskilled laborers and thereby depressing the wage and employment levels of those americans. in addition to that, that leads to more americans, depending on the government for subsistence. before thece commission is that grant of status is not without substantial cost to the american worker. thank you. as with all witnesses, the statement will be made part of the record
every bill is too big and every deal tends to be today. so for example, like on tax reform, tomorrow i would lower the income tax. if we can compromise on the number i would lower it to 17% tomorrow. just do it. i don't care if people predicted less revenue, less revenue means more revenue in economy. if you in an enormous boost to ththe con and we like under kennedy, like under coolidge and like under reagan when you reduced rates, sometimes you get more revenue. that is because the deal is to be. same with immigration. we make it harder on ourselves are the debt commission, we make it a lot harder to find a deal when it has a thousand moving parts but i think we should go with the things we agree on and boom, boom, boom. it's why the rate -- that's why the public is so upset with us. all the stuff we agree on we won't pass because we say that will be the sweeter for the bigger deal. which we never seem to be able to get to one that break up all these big deals into smaller deals? i tried to pass the stand these a, science and technology these is expanding those. i tried to pass it by
Search Results 0 to 10 of about 11 (some duplicates have been removed)